MSI Capital and Aavin Equity invest in Green Diamond

MSI Capital Partners LLC and Aavin Equity Partners have recapitalized Oregon-based Green Diamond Sand Products, an industrial minerals manufacturer. No financial terms were disclosed for the transaction that was also done with Green Diamond management.


PHILADELPHIA–(BUSINESS WIRE)–MSI Capital Partners, LLC (“MSI”), a Greater Philadelphia, PA-based private investment firm, is pleased to announce its investment in Green Diamond Sand Products of Riddle, OR. MSI partnered with Aavin Equity Partners of Cedar Rapids, IA and Green Diamond management to recapitalize the company and fund continued growth. A new company, Green Diamond Performance Materials Inc. (“GDPM”), was formed for this purpose and to provide a platform for additional investments in the minerals processing sector.

GDPM is one of the leading industrial minerals manufacturers in the United States. The Company processes and sells a 40+ product array of environmentally friendly, inert material made from a proprietary mineral reserve – the only substantial reserve of laterite nickel smelter material in North America. GDPM sells to the abrasive, roofing, and foundry industries nationwide, as well as to construction, agriculture, and athletic facilities.

The transaction closed on September 8th and Orca Capital Securities advised the Company.

About MSI Capital Partners:
MSI is an operationally-oriented lower-middle market investment firm that makes control investments in North American based industrial businesses serving domestic and global markets. Founded by senior executives with extensive domestic and international leadership experience, MSI seeks to invest in small to mid-sized manufacturing and industrial service related companies where the industry knowledge and expertise of its principals can be utilized to achieve higher-than-average returns.